<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Adelaide's rental market has undergone a massive price surge over the past five years, pushing it beyond the cost of living in Melbourne. </span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Recent data from the Rental Affordability Reports revealed a staggering 55 per cent increase in the South Australian capital's average rental price since March 2020, up to $580 per week – $10 more than Melbourne.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The trend has pushed Adelaide's rental affordability to a record low, prompting the state government to unveil a suite of affordable housing allotments in the northern suburbs.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE: </span></strong><a href="https://www.9news.com.au/national/donald-trump-tarrifs-australia-federal-politics/148dc380-e4b5-4cfc-bef2-8e9344a2f794"><strong><span>Hopes of a Trump tariff exemption on Australia's steel and aluminium fading</span></strong></a><strong></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Nearly 300 new housing allotments will be released in Munno Para, an extension of the Playford Area development. </span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The initiative aims to provide opportunities for first-home buyers and those seeking affordable rentals.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"It's a great chance for young home buyers to get out of their parents' home and into their own home," Housing Minister Nick Champion said. </span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/adelaide-rent-crisis-new-data/897a38bc-dd5c-4cad-be37-88c60595a4a4" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Twenty-five of the 282 blocks of land in the new development will be dedicated to affordable rentals. </span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><em><span>This article was produced with the assistance of </span></em><a href="https://www.9news.com.au/technology/9express/16480c33-636a-461f-9c4f-d0e2522c722a"><em><span>9ExPress</span></em></a><em><span>.</span></em></div></div>